CRO Surges 30% After Trump Media Collaboration

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In a week where politics and crypto collided, Trump Media & Technology Group, operator of Truth Social, partnered with Crypto.com and Yorkville Acquisition Corp to create a SPAC dubbed Trump Media Group CRO Strategy. The entity aims to accumulate reserves of Cronos (CRO), supported by $1 billion in CRO, $420 million in cash/warrants, and a $5 billion equity line. Trump Media also agreed to purchase $105 million worth of CRO, while Crypto.com will invest $50 million in Trump Media stock. The announcement fueled a 30% surge in CRO’s price and boosted Trump Media’s shares.

Elsewhere in the market, OVERTAKE (TAKE) continues to build momentum. Developed on the Sui blockchain, the token focuses on peer-to-peer trading of in-game assets and is currently in Open Beta. With daily trading volumes hitting around $28M and its price hovering near $0.054, OVERTAKE is gaining visibility across decentralized exchanges, though it remains unlisted on BingX.

Together, these developments underscore both the high-profile alliances and grassroots innovation fueling crypto’s evolving narrative.